Question: How do the total, marginal and average functions derived from Equation 11.55 differ from those in Example 11.4? Are costs always greater (for all levels

How do the total, marginal and average functions derived from Equation 11.55 differ from those in Example 11.4? Are costs always greater (for all levels of q) for the former cost curve? Why is long-run equilibrium price higher with the former curves? (See footnote 10 for a formal discussion.)

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